Update on intern's death in London, austerity and suicide, over-prescribing anti-depressants, cutting health benefits, and laying off mortgage workers at Wells Fargo. Major discussions of the economics of the richest 1% and their relation to the Democratic Party in the US. Continuing response to listeners on defining capitalism and Black Star workers coop (brewpub) in Austin, Texas.
Updates on Social Security, real wage decline, part-time work, political mavericks and others, subsidy for Walmart. Interview with Laura Gottesdeiner on foreclosure epidemic. Response to listeners on demographic change and economics.
Updates on latest US GDP growth, corporate guilty pleas in Gulf of Mexico oil spill disaster, "economic insecurity" in US, Detroit's new sports arena and Prince William's paid paternity leave. Major discussions of US disposable income drop, banks deny 10 million checking accounts, and remarkably favorable polling numbers for labor unions. Response to listeners on sources of capital for worker coops.